Financial Performance - Net sales for the thirteen weeks ended September 27, 2025, were $12,603,755, an increase of 7.1% compared to $11,762,628 for the same period in 2024[15] - Gross profit for the thirty-nine weeks ended September 27, 2025, was $2,537,568, representing a slight increase from $2,508,860 in the prior year[15] - Net income for the thirteen weeks ended September 27, 2025, was $99,457, up 29.1% from $76,969 in the same period last year[15] - Basic earnings per share for the thirty-nine weeks ended September 27, 2025, increased to $0.88 from $0.81 in the prior year, reflecting a growth of 8.6%[15] - For the thirty-nine weeks ended September 27, 2025, total net sales reached $37,678,554, a 9.0% increase from $34,639,001 in the same period of 2024[96] - Net income attributable to common stockholders for the thirty-nine weeks ended September 27, 2025, was $206,472, up from $181,106 in 2024, indicating a growth of approximately 14%[103] Assets and Liabilities - Total assets as of September 27, 2025, were $19,223,913, compared to $18,779,690 as of December 28, 2024, indicating a growth of 2.4%[13] - Total liabilities increased slightly to $15,121,538 as of September 27, 2025, from $15,045,815 at the end of 2024[13] - Retained earnings increased to $1,484,725 as of September 27, 2025, from $1,337,399 at the end of 2024, marking a growth of 11%[13] - Total stockholders' equity increased from $3,463,705 on June 29, 2024, to $3,613,905 on September 28, 2024, representing an increase of approximately 4.3%[21] - Total debt as of September 27, 2025, was $3,795,337, an increase from $3,353,140 on December 28, 2024, representing a 13.2% increase[70] Cash Flow and Expenses - Cash provided by operating activities for the thirty-nine weeks ended September 28, 2024, was $23,878, while cash used in operating activities for the same period in 2025 was $(644,428)[23] - Total cash and cash equivalents at the end of the period on September 28, 2024, were $849,472, down from $802,630 at the end of the period on September 27, 2025, indicating a decrease of approximately 5.5%[24] - Compensation expenses for the thirteen weeks ended September 27, 2025, totaled $415,343, slightly up from $409,833 in the same period of 2024[96] - Interest expense for the thirteen weeks ended September 27, 2025, was $81,720, a decrease from $86,254 in the same period of 2024[98] Market Segments - North America segment net sales were $4,425,888 for the thirteen weeks ended September 27, 2025, up from $4,283,677 in the prior year, reflecting a growth of 3.3%[96] - EMEA segment net sales increased to $3,662,309, a rise of 5.5% from $3,470,507 in the same quarter of 2024[96] - Asia-Pacific segment net sales grew by 12.5% to $3,549,666 compared to $3,153,879 in the prior year[96] - Latin America segment net sales increased to $965,892, up 13.0% from $854,565 in the same quarter of 2024[96] Foreign Currency and Tax - The company reported a foreign currency translation adjustment loss of $32,591 for the thirteen weeks ended September 27, 2025[17] - The company reported a net foreign currency exchange loss of $10,207 for the thirteen weeks ended September 27, 2025, compared to a gain of $10,675 in the prior year[98] - Gross unrecognized tax benefits increased to $16,834 as of September 27, 2025, compared to $15,666 at December 28, 2024[80] - The Brazilian subsidiary faces tax assessments totaling approximately $3,148 related to compliance and transaction-tax matters[87] Strategic Initiatives - The company plans to continue expanding its market presence and integrating new technologies into its platform[11] - The company is focused on maintaining its competitive edge amid market volatility and supply constraints[11] - The company plans to adopt new accounting standards effective after December 15, 2024, which are not expected to materially impact consolidated financial statements[49] Employee and Compensation - The company recognized a compensation expense of $4,048,000 for the thirteen weeks ended September 27, 2025, and $11,637,000 for the thirty-nine weeks ended September 27, 2025[57] - The company had 2,419 non-vested time-vesting restricted stock units with a weighted-average grant date fair value of $20.31[57] - The company had 3,684 non-vested performance-vesting restricted stock units with a weighted-average grant date fair value of $17.91 as of September 27, 2025[58] - The compensation expense for performance-vesting restricted stock units was $1,970,000 for the thirteen weeks ended September 27, 2025, and $3,470,000 for the thirty-nine weeks ended September 27, 2025[58] Restructuring and Costs - Restructuring costs for the thirteen weeks ended September 27, 2025, totaled $3,539, with 226 employees affected in North America and EMEA[74] - For the thirty-nine weeks ended September 27, 2025, total restructuring costs were $5,493, with 296 employees impacted[74] - The remaining restructuring liability of $4,759 is expected to be substantially paid by the third quarter of 2026[75]
Ingram Micro Holding Corporation(INGM) - 2025 Q3 - Quarterly Report